St. Pete Mortgage Firm Fined $7.5 Million

Mortgage Investors Corporation faces a $7.5 million fine by the Federal Trade Commission, after allegedly blasting a "Do Not Call" registry with five million calls.

MyFoxTampaBay.com reports that the St. Petersburg company denied wrongdoing but also agreed to pay the civil penalty. It is the largest penalty levied  against a company for violating the Do Not Call list.

The case also involved allegations that the firm misled military service members into believing they could obtain mortgages at no cost.

Mortgage Investors Corp. is located at 6090 Central Ave.

Here's how Mortgage Investors Corp. describes its company's mission:

"Its sole purpose is serving America's Military Veterans. Our mortgage refinancing experience and expertise has resulted in more than 350,000 SATISFIED VETERANS and over $43 BILLION DOLLARS IN VETERANS' MORTGAGE REFINANCING in the last 15 years alone."